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2020 (12) TMI 258 - AT - Income TaxValidity of reopening of assessment - Unexplained investment u/s. 69 - such amount was allegedly paid in cash outside its books of accounts to M/s. V.K. Tours & Transport - HELD THAT:- During the hearing proceedings, the revenue has been asked whether they would in a position to furnish the reasons recorded even at this juncture for which the reply received has been in negative. Having gone through the factum of the case, we hereby allow the appeal of the assessee as the reasons recorded for reopening have not been furnished to the assessee or produced before the Tribunal with a liberty to the revenue to approach the Tribunal whenever the reasons are traced and made available. Appeal of the assessee is allowed.
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